A while back I did a post introducing a new project a found called Cryptotab which is a browser plugin for Chrome and Firefox that allows you to mine crypto for free while using your PC or Laptop. I thought it was an interesting project since i am a fan of the concept and possible use cases for cryptojacking
Check out my review on Cryptojacking here
While I wasn't expecting to get rich quick since I know mining BTC without an ASIC is not going to generate real returns I wanted to give it a go and share my experience with you.
**Here's a link to the previous articles:
- How to Mine Bitcoin While Simply Browsing The Internet
- How to boost your mining power with CryptoTab
One month in
So I've been running the browser plugin for 1 month and was able to mine 0.000044081408BTC which is roughly $0.309 a the current price of (1 BTC ≈ $7015). So I am nowhere near the current $4 minimum payout threshold and doubt I would reach it anytime soon.
It is also important to note that this mining performance isn't just on my own PC at the time between posts I was able to rack up 54 referrals of people who signed up for my previous posts.
The verdict on cryptotab
It is almost impossible to make any sort of real money using this tool and it looks to me like the developers are pocketing the majority of whatever is mined and spreading a small % of the participants. While it's not an out of out scam since they're not taking your money they are selling you false hope and using your resources to benefit their personal ambitions.
I would urge you to give this project a miss and look to other ways of earning cryptocurrency.
Doing the math
Cryptotabs calculator claims that you can earn up to 6 dollars a month with only 10 referrals. I have 54 and I only made 30 cents which are 20x less return than they promised for 5x more referrals than recommended
This means that myself and my 54 referrals need to mine for 20 months to get the 6 dollars they claim I would get in 1 month.
Clearly there's something fishy going on here. Cryptotab isn't the scam in the traditional sense but it way over promices on its returns and suckers users in hoping to create a constant pyrmid of users who come in and give up but during that time lend their resources to make the developers of this projec tmoney
What other cryptocurrency content creators are saying about Cryptotab
Don't just take my word for it other crypto enthusiasts have also called out CrytoTab on their business model
Decentralized TV
MrSotko CryptoCurrency
Feedback from Steemians
A fellow Steemian named 
so after mining 1.00 us in btc i did a payout and its still says pending so see if its real or fake if ever goes thru
so mined a over dollar of btc i got payout 12 hours later 1.11..now after its done 0.14 cents .ca this is a SCAM
Have your say
What do you think of cryptotab? Have you tried it out already? Have you reached the minimum payout? What was your experience like?
Let me know in the comments below
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